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Market Recap 30-05-2024


Market Recap| seben capital

Indian Indices

I) Nifty: open 22617 and touched a high of 22705 then a low of 22417 and closed at 22488 with 216 points in Negative

II) Bank Nifty: open 48313 and touched a high of 49044 then a low of 48313 and closed at 48682 With a total of 181 points Positive

III) Fin Nifty: open 21530 and touched a high of 21740 then a low of 21529 and closed at 21597 With a total of 23 points in Negative

IV) Nifty Mid Select: open 11523 and touched a high of 11531 then a low of 11318 and closed at 11338 With a total of 187 points in Negative

NSE Advance and decline

Nifty 500 Top Gainer

Emami share price: The stock soared 18.66 percent to hit a 52-week high of Rs 619. Today's strong uptick in the share price came after the homegrown FMCG major reported a 3.62 percent rise in its Q4 profit after tax (PAT).

RHI Magnesita Growth in the export business is likely to improve to 20-25% in the next 2-3 years. 

Linde India (LINDEINDIA) Share Price, Linde India Q4 FY24 Results: At 1:45 pm, Linde India (LINDEINDIA) shares held on to much of its intraday gain, trading 8.2 percent stronger for the day at Rs 9,113.3 apiece. As many as 23,000 Linde India shares changed hands in intraday trade so far, sharply higher than a daily average of 7,424 shares recorded in the past two weeks

Read more at - https://www.moneycontrol.com/stocks/marketstats/nse-gainer/nifty-500_7/

Nifty 500 TOP LOSER

IRB Infra Block trade of up to Rs 1,512 crore likely in IRB Infra at Rs 63-72.70: CNBC-TV18Up to 4 percent of the company's total equity could be sold at a price range of Rs 63-72.70 per share by two seller entities - IRB Holding Pvt Ltd and Deepali Virendra Mhaiskar.

KFin Tech block deal: 6% equity changes hands; General Atlantic likely According to sources, General Atlantic Singapore is the likely seller in the deal.

GMR Airports Volatility in GMR Airports Infrastructure is high ahead of its results. An Iron Condor trade to capitalize on an expected sideways trend.

Read more at - https://www.moneycontrol.com/stocks/marketstats/nse-loser/nifty-500_7/

Sectoral Performance

Read more at - https://intradayscreener.com/sector-performance

Outperforming stocks vs nifty 500 over 1 week

Read more at - https://trendlyne.com/fundamentals/stock-screener/79795/relative-outperformance-versus-nifty500-over-1-week/index/NIFTY500/nifty-500/

Underperforming Stock vs Nifty 500 over 1 week

Read more at - https://trendlyne.com/fundamentals/stock-screener/79795/relative-outperformance-versus-nifty500-over-1-week/index/NIFTY500/nifty-500/

Stock With Rising Volume


1. Indian Bank hits all-time high after S&P Global revises outlook to 'positive'

Indian Bank's net profit rose 55 percent YoY to Rs 2,247 crore in Q4FY24

2. Lemon Tree Hotels saw its shares soar by 6.4% to reach a day's high of Rs 147.4 in Thursday's trading on the BSE. This surge followed the company's announcement of a profit after tax (PAT) of Rs 83.9 crore in the March quarter of FY24, marking a 42% year-on-year (YoY) rise from Rs 59 crore recorded during the corresponding period the previous year.

Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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